LAUSANNE, Switzerland (AP) — Seven Network has re-acquired the Australian broadcast rights to the next three Olympics, the latest long-term television deal struck by the IOC.
The IOC said Seven secured the rights on all media platforms to the 2016 Olympics in Rio de Janeiro, the 2018 Winter Games in Pyeongchang, South Korea, and the 2020 Summer Olympics in Tokyo.
Financial terms were not announced. Australian media have said the deal could be worth the equivalent of $186 million.
The International Olympic Committee said the agreement includes an "unprecedented commitment" by Seven to support the IOC's goals across its television network, newspapers, magazines and online media. That includes promoting Olympic sports, health, education and youth sport.
Seven, which first broadcast the 1956 Melbourne Olympics, last covered the 2008 Beijing Olympics.
"The IOC enjoys long-term partnerships and this agreement is something of a homecoming between us and Seven," IOC President Thomas Bach said in a statement late Monday. "Seven has made a concrete commitment to help promote the Olympic movement and the Olympic values, not only during each edition of the games, but all year round, and this was an important consideration in our decision making."
Seven chairman Kerry Stokes cited a "long and deep partnership" with the IOC since the Melbourne Games.
"We are looking forward to celebrating our five decades association with the Olympics in Rio and to taking this partnership to a new level over the coming decade," he said.
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